The two defining characteristics of pure private goods are
a. nonrivalry and excludability
b. positive externalities and efficiency
c. nonexcludability and nonrivalry
d. efficiency and profitability
e. rivalry and excludability
E
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If the long-run real interest rate falls, ________
A) unemployment increases B) investment by firms decreases C) the demand for loans decreases D) investment by firms increases
In mid-2009, publicly held debt was approaching ______ and total debt was approaching ______
a. $1 trillion; $12 trillion. b. $3 trillion; $6 trillion. c. $12 trillion; $7 trillion. d. $7 trillion; $12 trillion. e. $12 trillion; $12 trillion.
Price supports can help farmers to better compete internationally
Indicate whether the statement is true or false
If customers are racist but employers are not, then employment discrimination will be
a. equally profitable as nondiscrimination. b. more profitable than nondiscrimination. c. easier to eliminate than if employers were racist but customers were not. d. less profitable than nondiscrimination.